Tobi

Aspiring remote techbro. DIY mechanic. Sondex circuits.

[Nigeria Stories @NigeriaStories]

BREAKING: Federal government has reduced import levy on new vehicles 🚗 into Nigeria 🇳🇬 from 20% to 10% and that of used vehicles from 15% to 5% in order to ease cost of vehicle importation. The reduction takes effect today.

[Tobi @T06613]

God have mercy.

[Tobi @T06613]

@SisiEko_ofPh Rental income is not Liable to VAT. who is collecting the tax and on behalf of who? @fccpcnigeria @NigeriaRevenue

[Tobi @T06613]

Epever 20SA EOL.

[Tobi @T06613]

It'll be nice to find my wallet

[Tobi @T06613]

Heat equilibrium is a thing of dark arts.

[Tobi @T06613]

@thatkazuki @lifeofdanel @bigbrovar @qtguru @jersoltech Please Link the 1L PC supplier

[Tobi @T06613]

😂

[Tobi @T06613]

Wait. Can they do that?

[Tobi @T06613]

😂 😂

[Duke Of Nigeria. @xagreat]

Islam came to Nigeria via traders from Arabia.

Christianity came to Nigeria via slavery.

The difference is clear

[Tobi @T06613]

60%

[• @aliyuyahas]

Pay close attention. You will see it.

[Tobi @T06613]

This is not football. Allow the players play.

[Genevieve Mbama 🕊 🇳🇬 🇻🇦 @Gviev]

Aliko Dangote is not joking 🤣🤣🤣

Farouk started the dirty fights since last year....

First, released false info on quality of Dangote Fuel

2nd, openely declared albeit falsely that Refinery was not more than 50% complete

3rd started publishing " misleading" report on Dangote daily production of fuel by publishing only quantity SUPPLIED/ bought by Nigerian marketers instead of TOTAL DAILY PRODUCTION....They mischieviously didnt capture exports and storage

4th, refused to physically visit the Refinery to confirm the actual daily production despite multiple invitations

5th, continued to lie about Nigeria's Daily condumption data bcos it is not based on any verifiable scientific and auditable data

All designed to keep imports going and patronising those feeding his pockets!!!

PURE SABOTAGE OF DANGOTE REFINERY AND ECONOMY

Aliko Dangote don ready for am..

Let's see who wins...and we know who will!!

[Tobi @T06613]

Social life is zero. Work sleep work sleep.

[Tobi @T06613]

👌

[Tobi @T06613]

Damn.

[A. O Akinyemi Esq - LLB, BL @heisrahman]

If Buying a Car, House, Equipment or Any Big-Ticket Product Is in Your 2026 Plans, Read This First.

A 15-Year Commercial Lesson from a $1 Million Deal Gone Wrong - (Major Concept Ltd. v. Eze (2025) 19 NWLR (Pt. 2019) 1

The facts of this case read like something that happens every day in Nigeria. Someone pays for a product, the seller gives endless excuses, and the buyer spends years chasing a refund.

In November 2010, a buyer (the respondent) entered into a contract with the sellers (the appellants) for the supply of a Maybach 62 S armoured Mercedes-Benz. The agreed price was $830,000. An initial $700,000 deposit was to be paid, and the balance of $130,000 would be paid on delivery.

The buyer paid the $700,000 into the sellers’ nominated Bank of America account and the delivery was supposed to happen within four months.

Instead of a car, the sellers began to offer excuses, changing timelines, adjusting the balance, and adding new conditions. Eventually, they asked for an additional $300,000 before delivery. The buyer paid it, bringing the total to $1,000,000.

Still, no vehicle. Despite personal guarantees and repeated assurances, nothing happened. When the buyer got frustrated, the buyer sued for a refund of the $1 million, claiming total failure of consideration.

Because the case was brought under the Summary Judgment Procedure, the sellers were required to file an affidavit showing they had a real defence. They couldn’t show they had a real defence. The High Court entered judgment for the buyer. The Court of Appeal affirmed it. The sellers dragged the matter to the Supreme Court, and again, they lost.

From 2010 until its conclusion, this matter illustrates something every Nigerian, individual or business, needs to understand:

Once your money leaves your hand, the journey to get value or a refund becomes a battle. Without clear documentation and strategic shields, that battle becomes a war and in war, the unprepared are the first to fall.

Commercial Lessons for Anyone Planning a Major Purchase in 2025/2026

1. Never pay large sums without proper legal shields & documentation.

This is not being paranoid. It is a protection you should put in place before you transfer money for a car, equipment, property, imported goods, or any expensive item.

Before you commit to any significant purchase, get a lawyer to review the contract; and if no contract exists at all, that is your first and clearest red flag. Engage a lawyer who represents your interests to prepare a proper agreement for execution. The contract should classify your payment as a liquidated sum, set out recovery terms that are clear and enforceable, and be structured in a way that favours swift remedies, including the possibility of summary judgment, if things ever go wrong. Trust me, things do go wrong every time.

Many Nigerians spend years chasing refunds simply because no contract existed at the outset and when one does exist, it is often silent on the things that matter or, worse, carelessly drafted. In an age where many trust AI to play the role of a lawyer, they forget that the context, nuance, and peculiarities of each transaction shape the structure and the safeguards that must follow. Do not be penny wise and pound foolish; the money you save today may become the loss you mourn tomorrow.

2. Avoid “gentleman agreements” and WhatsApp contracts.

A $1 million lesson: When things go wrong, screenshots might not save you in a manner you would love.

Contracts need liquidated damages clauses (not penalty clauses), jurisdiction/venue clauses used strategically, timelines with consequences, refund triggers, obligations clearly tied to delivery milestones. These make recovery faster and cleaner.

3. Explore tripartite structures when appropriate.

Not every contract must be 1 buyer + 1 seller. Sometimes, adding a third party can create stronger accountability such as a guarantor, a financier or an escrow agent.

Many people argue...

[Tobi @T06613]

Merino is Magic

[Tobi @T06613]

FIRE number is around $55k even at 14%

[Tobi @T06613]

Give me $55k. I will retire my 9-5.

[Tobi @T06613]

90 T

[FMDQ Group @FMDQGroup]

FMDQ Exchange Debt Market Size as @ November 13, 2025, is ₦90.92 trillion.